Funding you earn now, next payment 21:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.090%
Price spread now: MEXC against Hyperliquid−0.095%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.095%, 7d avg −0.029%
=Together, before fees−0.318%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.065% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,459.5 | 0.0100 | pay 0.0013% / 1h | 6m 31s | $756.7M | $505.0M | 10x |
| Short | MEXC ZEC_USDT | 1,458.1 | 0.0082 | get 0.0082% / 8h | 3h 06m | $214.2M | $950.2M | 150x |
Hyperliquid ZEC
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.78
- Price spread: −0.095% → −0.029%
- −$6.54
- Slippage, 4 orders
- −$1.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$21.29
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 8 min ago | 0.34 bp | 5.4 bp −$5 | 7.2 bp −$72 | 12.5 bp −$1,246 | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.03 bp | 0.0 bp $0 | 0.5 bp −$5 | 30.1 bp −$3,006 | 67.1 bp −$33.5K |
ZEC on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3181% | 1h | 1,438.9 | −1.411% | $33K | $159K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.6 | −0.061% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0056% | 8h | 1,456 | −0.238% | $29.4M | $76.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0055% | 8h | 1,453.6 | −0.407% | $46.9M | $31.1M | — | as long as short |
| Kraken Futures PF_ZECUSD | −0.0053% | 1h | 1,455.7 | −0.261% | $17.6M | $45.5M | 25x | as long as short |
| Bybit ZECUSDT | −0.0035% | 8h | 1,456.5 | −0.204% | $270.4M | $682.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.4 | −0.074% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.9 | −0.043% | $833K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454 | −0.374% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0001% | 8h | 1,455.7 | −0.260% | $292K | $1.5M | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Variational Omni ZEC
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.5 | −0.275% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0026% | 8h | 1,457 | −0.171% | $173.5M | $1.39B | 50x | as long as short |
| Aster ZECUSDT | +0.0041% | 8h | 1,458.3 | −0.086% | $15.0M | $35.2M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.5 | −0.276% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0047% / S +0.0061% | 1h | 1,455.3 | −0.290% | $546K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0054% | 8h | 1,457.4 | −0.143% | $49.4M | $190.3M | 75x | as long as short |
| ApeX Omni ZECUSDT | +0.0064% | 1h | 1,453.5 | −0.413% | $712K | $612K | 50x | as long as short |
| MEXC ZEC_USDTshort | +0.0082% | 8h | 1,458.1 | −0.095% | $214.2M | $950.2M | 150x | |
| Binance ZECUSDT | +0.0084% | 8h | 1,456.8 | −0.184% | $664.9M | $2.57B | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,456.9 | −0.182% | $8K | $10K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,456.7 | −0.195% | $17K | $888K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.6 | −0.202% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,457.3 | −0.148% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.8 | −0.185% | $3.0M | $7.2M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,459.5 | long leg | $756.7M | $505.0M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,458.4 | −0.073% | $1.6M | $3.2M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452 | −0.514% | $395K | $523K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.8 | −0.114% | $898K | $32K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,458 | −0.102% | $103.3M | $58.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.167% | $163.6M | $319.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.7 | −0.192% | — | $113.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.4 | −0.210% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.9 | −0.318% | $488K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.4 | −0.347% | $3.0M | $512K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.8 | −0.325% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.8 | −0.185% | $299K | $2.3M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.8 | −0.320% | $128K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.4 | −0.352% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.9 | +0.025% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.9 | −0.247% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455.9 | −0.247% | $2.4M | $25.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.1 | −0.236% | $3.7M | $5.7M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.3 | −0.290% | $36K | $362K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0110% | 1h | 1,456.6 | −0.199% | $571K | $1.4M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,456.7 | −0.193% | $865K | $2.5M | 10x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,459.8 | +0.019% | $18.9M | $55.4M | 20x | as long as short |
| Lighter RH ZEC | +0.0200% | 1h | 1,460.3 | +0.052% | $2.0M | $8.6M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,456.8 | −0.184% | $3.7M | $11.8M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0474% | 1h | 1,457.2 | −0.157% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,458.6 | −0.062% | $742K | $7.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0760% | 1h | 1,457.4 | −0.145% | $3.3M | $7.0M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
ApeX Omni ZECUSDT
Binance ZECUSDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter ZEC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD